Business

Roberto Cavalli, Designer Who Celebrated Excess, Dies at 83

Roberto Cavalli, Designer Who Celebrated Excess, Dies at 83

Related media - Related media Roberto Cavalli, the Italian-born fashion designer who celebrated glamour and excess, sending models down the runway and actresses onto red carpets wearing leopard-print dresses, bejeweled distressed jeans, satin corsets and other unapologetically flashy clothes, has died. He was 83. His company announced the death on Instagram but provided no details. Mr. Cavalli’s signature style — “molto sexy, molto animal print and molto, molto Italiano,” as the British newspaper The Independent once described it — remained essentially unchanged throughout his long career. But he skillfully reinvented his clothes for different eras, enjoying several renaissances and building…
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Audemars Piguet’s New C.E.O. Wasn’t an Obvious Choice

Audemars Piguet’s New C.E.O. Wasn’t an Obvious Choice

Linked media - Connected media Innovation — especially in the form of ambitious building projects — has been a running theme at the brand for the past few years. In 2020 in Le Brassus, it opened a museum, the Musée Atelier Audemars Piguet, designed by the Danish architect Bjarke Ingels. A year later, it completed a manufacturing site in Le Locle, another village about a 90-minute drive northeast of Le Brassus. A former Renaud & Papi workshop, the Manufacture des Saignoles now specializes in the brand’s most complicated timepieces. In 2022, the brand opened a luxury hotel, Hôtel des Horlogers,…
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Center for Public Integrity Weighs Merger or Shutdown Amid Dire Financial Straits

Center for Public Integrity Weighs Merger or Shutdown Amid Dire Financial Straits

Related media - Connected media “The board remains committed to C.P.I. and its essential mission, and is working hard to determine the best way forward for our journalism,” the nonprofit said in a statement. The financial peril facing the Center for Public Integrity threatens to extinguish a newsroom of about 30 journalists that has watchdogged powerful institutions for decades. Much of its funding has come from foundations interested in supporting investigative journalism, including the Knight Foundation and the Robert R. McCormick Foundation. As its reserves dwindle, its board of directors is contemplating drastic action to address the situation. The Center…
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Auto Insurance Spike Hampers the Inflation Fight

Auto Insurance Spike Hampers the Inflation Fight

Linked media - Associated media Job growth, wage growth and business growth are all lively, and inflation has steeply fallen from its 2022 highs. But consumer sentiment, while improving, is still sour. One reason may be sticker shock from some highly visible prices — even as overall inflation has calmed. The cost of car insurance is a key example. Motor vehicle insurance rose 1.4 percent on a monthly basis in January alone and has risen 20.6 percent over the past year, the largest jump since 1976. It has been a huge hit for those driving the roughly 272 million private…
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China Has Thousands of Navalnys, Hidden From the Public

China Has Thousands of Navalnys, Hidden From the Public

Connected media - Connected media After watching “Navalny,” the documentary about the Russian opposition leader Aleksei A. Navalny, a Chinese businesswoman messaged me, “Ren Zhiqiang is China’s Navalny.” She was talking about the retired real estate tycoon who was sentenced to 18 years in prison for criticizing China’s leader, Xi Jinping. After Mr. Navalny’s tragic death this month, a young dissident living in Berlin posted on X, “Teacher Li is closest to the Chinese version of Navalny.” He was referring to the rebel influencer known as Teacher Li, who used social media to share information about protests in China and…
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Boeing Faces Justice Dept. Review Over Max 9 Incident

Boeing Faces Justice Dept. Review Over Max 9 Incident

Associated media - Associated media The Justice Department review was reported earlier by Bloomberg. The episode in January reignited the intense scrutiny and criticism that Boeing faced after crashes in Indonesia in late 2018 and Ethiopia in early 2019 killed a combined 346 people. The Max 8 and Max 9 were banned from flying globally days after the second crash. Since the jetliners started flying again in late 2020, they have carried out several million flights worldwide. The weight of the crisis appeared to be lifting before the January incident. A preliminary report from the National Transportation Safety Board suggested…
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FAA Gives Boeing 90 Days to Develop Plan to Address Quality-Control Issues

FAA Gives Boeing 90 Days to Develop Plan to Address Quality-Control Issues

Related media - Associated media The meeting on Tuesday, which took place at the F.A.A.’s headquarters in Washington, came two weeks after Mr. Whitaker toured Boeing’s 737 plant in Renton, Wash. During his visit, Mr. Whitaker spoke with Boeing engineers and mechanics to try to get a better sense of the safety culture at the factory. The F.A.A. said after his visit that Mr. Whitaker planned to discuss what he saw during his visit when he met with Boeing executives in Washington. On Monday, the F.A.A. released a report by a panel of experts that found that Boeing’s safety culture…
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Divisions Among Finance Ministers Flare Over Seizing Russian Assets

Divisions Among Finance Ministers Flare Over Seizing Russian Assets

Associated media - Linked media “While we should act together and in a considered way, I believe there is a strong international law, economic, and moral case for moving forward,” Ms. Yellen said. But Mr. LeMaire, who spoke just a few hours ahead of a private meeting with Ms. Yellen, pushed back on that assertion. “We don’t have the legal basis to seize the Russian assets and we should never act if we don’t obey by the international law and by the rule of law,” Mr. Le Maire said, according to a recording of his remarks. Western officials have been…
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Inquiry Into Ouster of OpenAI’s Chief Executive Nears End

Inquiry Into Ouster of OpenAI’s Chief Executive Nears End

Related media - Connected media WilmerHale, a prominent U.S. law firm, is close to wrapping up a detailed review of OpenAI’s chief executive, Sam Altman, and his ouster from the artificial intelligence start-up late last year, two people with knowledge of the proceedings said. The investigation, when complete, could give insight into what went on behind the scenes with Mr. Altman and OpenAI’s former board of directors, which fired him on Nov. 17 before reinstating him five days later. OpenAI, which is valued at more than $80 billion, has led a frenzy over A.I. and could help determine the direction…
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